CNP ΑΣΦΑΛΙΣΤΙΚΗ - Product Liability

Product Liability

Product Liability

A comprehensive Insurance Policy covering the insured’s legal liability arising from his negligent acts or omissions in connection with the supply of products. Businessmen who supply and/or provide goods in the market for consumption or use may be legally liable to pay damages to third parties due to a defective product. CNP ASFALISTIKI is aware of this insurance need of such businessmen and has designed the Products Liability Insurance Policy which provides the widest possible range of cover.

BENEFITS

Coverage of Employee's Activities

Coverage of Legal Liability for the negligent acts or omissions of the insured’s employees.

Global Coverage

Coverage is available worldwide with the exception of USA and Canada.

Flexibility

Option to choose the insurance limit and the annual adjustment of the premium.

WHO IS THIS FOR

Shopkeepers (retailers or wholesalers), factory owners, hoteliers and other people (businessmen, importers, organizations). The Products Liability Insurance Policy is dealt under General Liability Class.

HOW TO GET IT

HOW DOES IT WORK

CHARACTERISTICS & OPTIONS

  • Basic Coverage

    The basic coverage of the insurance includes:

    • The legal liability of the Insured to pay compensation for accidental bodily injury or death by accident or illness and accidental loss or damage to their property caused by and related to the production or placing on the market for the consumption or use of defective products in the context of its commercial activity.

COVER EXCEPTIONS

The policy is subject to certain exclusions, some of which are:

  • war, acts of terrorism, nuclear radiation and environmental pollution
  • repair or replacement of defective products
  • recall of defective products
  • products supplied to airplanes 
  • contract liability

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